Topic: Buy the DIP, and HODL! - page 82. (Read 121923 times)

Now essentially buying the 20% low dip is impossible because we are currently in the pre-bull market period. If the DCA approach is the best current time to invest in Bitcoin, and the Bitcoin market is dumping for the current period. In general I think it would be possible to buy bitcoin dips with the accumulated money, and investors would have to wait. And as soon as the Bitcoin market is dumping, the money should be supplied and prepared for buying Bitcoin Deep quickly, while the regular investment in the DCA method will continue.



Of course, this is the right approach, an investor has to figure out for himself how to invest and fund. And all kinds of help and support and how to keep the investment for a long time, you can get all such support from JJG. So currently only preparing for Bitcoin DCA method and deep buying, but the longer you hold Bitcoin the more profitable it is possible to get from your rules.

Sometimes folks wait for a certain size dip, such as 20%, yet it might not do you a lot of good if you had been waiting since $27k for a 20% dip and then finally you get your 20%  plus dip, but the dip is ONLY down to the lower $50ks..   Another problem with waiting for any dip is that you might get several dips that almost meet your threshold but not quite, or alternatively they meet your threshold and then you end up blowing your whole buying on dip amount, while the price keeps dipping.

Surely, there is no exact formula, and a person surely has to figure out how early he might be in his bitcoin journey and maybe consider that his main emphasis might be buying regularly no matter what, even if he might have a side hobby of buying dips, and surely if someone might have been accumulating for a whole cycle or two, then he might be more discriminating in regards to how much dip he wants to get, and not be necessarily prejudiced if he misses his dip buying targets.

Even though you're opportune to experience different corrections along your investment journey, buying using the DCA method allows you to experience all the different market conditions that come with it. Doing a 4 to 10-year accumulation will certainly expose you to buying at a very low price, a medium price and there are other times when you will have to buy at a much higher price. In the end, after HODling for a long period, the range of prices you consider as DIP prices will have a very slight effect on the overall profitability of your investment because usually for an average investor, the DCA amount is always a bit small such that 5% to 20% dip doesn't make much difference since you're buying with a small DCA amount.

From an infinitesimal point of view, the percentage of DIP matters a lot in building a stronger portfolio but overemphasizing and relying on getting a better percentage of DIP would make you look as though you're timing the market before effecting your buy. It's just best to get this kind of mentality that makes you ignore prices and pay less attention to the extent of DIPs because you aren't ready to sell anytime soon but ready to HODL for the long term.

You are right in your explanation by saying we should buy whenever it's dip, but the only impression I want to correct is the aspect you said "dip opportunity only comes  once" dip doesn't come once, it comes as many time as possible but surely it depends on the level of dip you mean, if it's a dip in price of about %20 - %30 them certainly it is rear. But if it's %5 to %10 it is common,  because certainly someone might consider his dip as %5 -%10 which is often then another may chose his dip as %20 bellow. What really matters is having enough fund in your discretion to be able to buy at a slight opportunity because it is emotionally devastated when bitcoin experience a massive dump and there is no enough discretion fund to be able to take advantage of such sudden dip.

Especially by following the DCA method any investor can maintain his holding for a long period of time. Because it basically controls the buying price and helps in deep buying. Because you can invest in bitcoins in two ways one is when you buy in the deep market, and secondly you invest by following the regular DCA method. 

Because both new and old investors can achieve success by adopting this strategy. Because this is the only method where all investors have been successful using this method since the beginning of Bitcoin, the longer the DCA method investment, the more Bitcoin you can accumulate.

The DCA strategy is the best method to use in order to buy at a more lower price but that doesn’t mean that method will give you the lowest price you can buy bitcoin during accumulation. Dip always come when no one expects them, and those dips are more favourable to buy more bitcoin from because it will narrow down your average buy more and your portfolio will immediately increase more in value than it was before. Even when you’ve lump sum and began DCA after that, when a dip comes, don’t hesitate to stack more bitcoin because the opportunity comes only once unlike the DCA that’s readily applicable all the time.

I think that you have the idea correctly, yet sometimes we need to get into some of the specifics in order to rebutt the assertion that is being made... and so in that sense, maybe an example would be helpful in order to flesh out how some kinds of buying at the top might play out in terms of comparing someone who went in BIG and then just sat on his hands for several years, versus some other more practical possibilities of other scenarios of someone who might have been a bit more proactive in terms of not just sitting on his hands, but ongoingly buying BTC..

Let's say that in early 2021, the investor is in his mid 30s and he had already been investing in traditional assets for close to 10 years, so he had an income of around $36k that has been he had been slowly going up in his income and his then total investment portfolio was close to $100k, and so part of the reason that his investment had done so well is that he had been fairly aggressively investing around $120 to $250 per week for the past 10 years, which is a fairly large portion of his income $6k to $13k per year.  So when he finds out about bitcoin in late 2020, he starts to consider that there might be some way that he could lump sum into bitcoin with around $30k of his investment portfolio without any major penalties.... So from the circumstances of this guy, we could come up with several different scenarios, and they all involve him getting started around March 2021 and figuring out how to use his lump sum versus

Scenario 1:  Ends up with 0.5 BTC and an average cost of $60k per BTC, since guy lump sum buys around 0.5 BTC at $60k with his $30k and then just sits on the BTC investment and continues to invest around $200 per week into his traditional portfolio, which is about $36.2k over 3.5 years.  Total current value: $189.3k (0.5 BTC * $60k = $30k)   + ($106.2k *150%= $159.3l)

Scenario 2:  Ends up with 1.58 BTC and an average cost of $42k per BTC ($66.2k invested), since guy lump sum buys around 0.5 BTC at $60k with his $30k and invested around $200 per week into bitcoin, which is about $36.2k to purchase an additional 1.08 BTC over 3.5 years.  Total current value: $199.8k (1.58 BTC * $60k = $94.8k)   + ($70k *150%= $105k)

Scenario 3:  Ends up with 1.925 BTC  (0.167 + 0.6782 + 1.08) and an average cost of $34.4k per BTC ($66.2k invested), since guy divides his lump sum amount into 3 portions of $10k each to lump sum buys around 0.167 BTC at $60k with his $10k and then decides to spread his DCA & buying on dip portion which was allocated as $20k and to put all of that into DCA over 2 years which resulted in around 0.6782 BTC  - including that he decided to continue with his regular investment amount of $200 per week into bitcoin, which is about $36.2k to purchase an additional 1.08 BTC over 3.5 years.  Total current value: $220.5k (1.925 BTC * $60k = $115.5k)   + ($70k *150%= $105k)

Of course, there can be other variations of the scenarios in which a guy might either sit on his initial investment into BTC or if he might continue to invest into BTC or he might continue to allocate more of his investment into his traditional investments rather than BTC, and with a longer passage of time, the scenarios likely differentiate from themselves more and more.. at least historically, the scenarios that ongoingly continue to buy into bitcoin had tended to perform better than scenarios that either did not invest into bitcoin or took more whimpy approaches to bitcoin.. and yeah, we know that historical results do not guarantee future results, so we have to decide our bitcoin allocations and our level of aggressiveness in accordance with our own finances and psychology.


If you found a bitcoin accumulation strategy that works better for you, then there is nothing wrong with that, yet I doubt there is any way to systematize it in any kind of straight-forward way, and you are not even really that clear.  Are you more profitable because you are accumulating more bitcoin or are you more profitable because your are accumulating more dollars (or is it both?).  

Are you wanting to provide a link to your system?  Is it free to participate and find out about it or do we need to pay?  And, why wouldn't such a thing fall into another thread, even if everything that you are saying is true. ..and then just .link us to such other thread, rather than convoluting our current topic with what seems to be trading techniques to acquire more bitcoin (and/or dollars?).

By the way, I doubt that any of us are really proclaiming anything about just employing a bitcoin HODL strategy in this thread, even though HODL is in the name of the thread.

I think that largely we are attempting to address the various ways to build a bitcoin stash through various ways of buying bitcoin such as DCA, buying on dip and lump sum, even though also HODL might come into play at various times when running out of money or perhaps other circumstances, and many of us (including yours truly) consider that selling BTC is not a very good practice for those who have goals to accumulate more BTC, and so you are wanting to proclaim that we could include selling as a tactic into our accumulation strategies in order to accumulate more BTC than we might be able to accumulate through the employment of the various buying strategies alone.

I am having some troubles understanding how you are topical, even if you might be correct that your selling BTC to accumulate more BTC strategy works, which is also known as trading and some of us consider such strategies to fit into gambling, too.. and I doubt that many of us even doubt that gambling strategies might not be profitable, though there may well be questions about any ability to replicate such strategies rather than following more straight forward BTC accumulation/investing strategies that at least guarantee more accumulation of BTC, even though surely BTC is not guaranteed to go up in price, but there is a certain calculation that the odds are good that bitcoin retains strong enough fundamentals to continue to appreciate in value with the passage of time.  Even if we are investors in bitcoin, we are not necessarily locked into our bitcoin investment, and some of us might even have various scenarios that we might consider to weaken or invalidate bitcoin's investment thesis which would cause us to sell large amounts or even all of our bitcoin holdings.


The example that I gave might even have some room for the lump sum buyer to include some cushion in his decision to lump sum into bitcoin, and there likely is nothing even wrong with lump summing into bitcoin, but then at some point realizing that the BTC price is moving against him, so when he put in the lump sum, he may well realize that there is a possibility that the BTC price could be at a high point rather than having more immediate upside potential, but he still might know all of that and still decide to get in with the idea that he will just buy more if the BTC price goes down rather than up.. so in that sense, he either should be holding back a little bit of his lump sum amount or he already knows that he has an ability to continue to buy BTC in the future, in case the BTC price goes down instead of up.. so he has already built in a plan that the BTC price might go down rather than going up... but his lump sum prepares him for UP, and his continued ability to DCA and/or to buy on dips prepares him for down.. so he is actually prepared for both directions by lump summing in, even if he could have had gotten his lump sum purchase at a lower price (but no one knows the future BTC price, and that is part of the justification for his lump summing in at whatever price he had chosen to lump sum in... No one lump sums into any investment including BTC with a large expectation that it will be going down, even though they may well already account for that possibility).


If all of a sudden, today, you were to receive a delivery of $12k in cash, you might reconsider your view about which one of the BTC buying options that you would prefer to employ, since your situation had changed and all of a sudden you had an extra $12k in cash that you did not have yesterday.

So part of the justification for lump sum is having the option to do it and then figuring out from there whether to do it and perhaps how to allocate the various options, and the best practice would be to consider all three options in regards to how to treat your extra $12k in cash.. You reassess whether you have enough emergency funds, you might even think about some consumption matters (or maybe even some other possible investments), and if you end up authorizing yourself to use all of it for BTC, you should consider all three of the categories for the amount that you are planning to put into BTC and there is no right decision about how to do it, since you presumptively already have a DCA system in place, so you can add to your DCA and/or you can decide to allocate some for buying on dips and/or some for lump sum buying right away..

Sometimes, historically, I have suggested that the default allocation would be 1/3 to each category (which would be $4k in this case), yet of course, many times our own particular circumstances would contribute towards our tweaking of the allocations of each of the categories, even though we surely should consider each prior to just blindly assuming what we would do.. and if the amount received happened to be $3k rather than $12k or $120k rather than $12k, I would imagine that each of the scenarios would cause us to consider how we are going to allocate differently.. because details and amounts materially affect us.. especially when they might become really in front of us, rather than theoretical...

And, by the way, these kinds of situations really do sometimes happen to people,** and surely any of us who already have bitcoin buying systems (and thoughts about it) in place are going to be in a much better position to deal with it and to make sure that we use the money in a bitcoin-focused way, as compared with folks who are not thinking about bitcoin and do not have bitcoin systems already in place, even if they might concede that investing into bitcoin is a good idea, if they do not have systems in place in which they are already acting upon such beliefs, then they are likely not going to put such systems in place, even if they unexpectedly came across a surprisingly large sum of money.

** I had such situations happen to me in fairly BIG ways on a several occasions in the past nearly 11 years since I got into bitcoin, and when such cash flush circumstances happen, it feels really good to already have bitcoin buying systems in place.  I am sure that almost anyone has circumstances in which s/he is suddenly flush with cash, and it is my belief that the more and more that we spend time creating strong cash management systems and even strong investment systems (even if we might be purposefully choosing to invest fairly whimpily - conservatively) - we still can end up coming across situations in which all of a sudden we have more cash than we expected to have, and we immediately know where to plug in such cash.  Some folks might come to bitcoin and/or investing with very screwed up finances, so maybe they are never really perceiving ways to get ahead or to catch a break, but sometimes even folks who live really tight budgets with little to no discretionary income might find that after several years of building their finances, they start to come across great opportunities more and more frequently.



So frequently people proclaim that Saylor tries to buy bitcoin on the dip, which truly is not even any kind of actual fact that even matches up with Saylor's actions or his words.

Saylor tends to buy bitcoin whenever he gets money or he is able to get money, which truly is a very DCA kind of a practice, even if he is dealing with very large amounts and even though the amounts are frequently quite inconsistent in terms of whether he is buying based on some kind of an extra cashflow f the company or whether he raises money through some kind of a financial instrument that regular people are not able to enter into many of the Saylor kinds of financial instruments or even to leverage debt anywhere close to the levels that he and MSTR is able to accomplish.

In other words, Saylor/MSTR is buying BTC no matter the cost, whether it dips or not, and surely he was not buying during some of the dips because he actuall was not able to raise money or otherwise have extra money for bitcoin during the largest of the 2022-ish  price dips.. but yeah, folks gloss over the actual facts and try to proclaim Saylor is buying dips, when for the most part, he is not... he just buys whenever he gets cash, which is quintessential DCAing, even if the amounts happen to be way the fuck larger than most mortals are able to imagine within their own budgets.


For sure, ginsan is wrong when he suggest that DCA is best for finding the lowest price... and that is buying on dip.

DCA is best for buying bitcoin regularly and working with in your budget.

You are wrong Salahmu, when you say that lump sum strategy is best for buying on dip... since lump sum strategy in its pure form does not necessarily have anything to do with buying on dips.  Buying on dips is buying on dips, and lump sum is buying when you get some extra money or you have just allocated that money to buying bitcoin right away at any price.

Yes, the categories sometimes overlap.. so there could be cases that they combine, but to suggest that DCA or even lump sum has to be done for dips, that is mixing up categories, since even though you could attempt to strategize buying on dips, you could have a whole separate buying on dip strategy, and sometimes when people proclaim that they are employing their DCA and their lump sum only during dips, then those kinds of strategies begin to fall more into the category of buying on dips rather than either DCA or lump sum, even though there surely can be overlap and part of the problem might come when one strategy is described as having to have a buying the dip component or even to error on the other side and to suggest that merely because you have a DCA or a lump sum strategy that you are purposefully going to avoid thinking about the dip, which also sometimes seems strange if you might have the option to execute some buys and there is a dip currently happening, and you are trying to figure out for yourself when to buy, so even your own actions might end up having to go down a path that you usually do not go down, based on actual real world happenings in the midst of your decision to purchase (or not to purchase).

You are making a very good point and at the same time not being too clear with some of your statement, so perhaps I would like you to clarified me on the aspect you mentioned that DCA is the best way for founding the lowest price of Bitcoin to accumulate or are you perhaps saying the work of DCA is to be identifying every price dip of Bitcoin before an investor can invest?, perhaps if that be the case you are obviously referring to the lump sum strategy because is the strategy that focus on identifying every price dip to take advantage of while DCA method work contrary to that because waiting to accumulate Bitcoin when the price is lower is the last thing a DCA investors will consider because with DCA you don't need the price to move to a certain direction before you can be convinced to accumulate because at any price you  can buy Bitcoin.

That is a wrong impression to only accumulate Bitcoin when the price is low that means such investor will only want to accumulate Bitcoin when there is dip wrong I believe that that the perfect time to get started in Bitcoin investment was yesterday and now a good investor don't wait for the price of Bitcoin to dip before they start accumulating Bitcoin and that is also why the DCA strategy is there for it helps an investor to accumulate Bitcoin weather the price of Bitcoin is low or high he is already in the market steadily accumulating Bitcoin either weekly or monthly in other to stack enough Bitcoin and HODL for the future from 4-10 years and above.

Stacking Bitcoin is of course better using the DCA pattern every week. It is true, as JJG said, that some examples of investors are definitely trapped at peak prices because they buy all at once without following up to continue accumulating every week. Yes, it will delay their investment because they do it all at once. To solve this, it would be a good idea to divide the money we have into several parts in DCA accumulation so that we don't get stuck at one price in the investment we make.

Some of them often assume that their entry is the lowest point, but actually they are wrong because the market can change suddenly, so DCA is the best for finding the lowest price in Bitcoin accumulation. With regular purchases we will also be more active in studying Bitcoin and we will also be more active in managing cash flow for our execution every week.

Even though in the pattern we are in the same destination, if DCA is compared with Lumpsum then I prefer DCA because it is easier for us to find the lowest price point in the long-term investment journey.

As Saylor did, he bought at the peak of the price cycle, and bought again when the price fell and he routinely did this so that the average execution price was below the current price. So there is no analysis that he needs but his habit of continuing to buy makes him find the lowest price in long-term investments.

When you’ve started your investment in bitcoin, it should not be a choice again and only to invest when you feel like going forward with the investment. You know your expenses and also know how much you can spare weekly, quarterly or monthly to put into bitcoin, so have a plan and employ the DCA strategy to reach your goal. If you want until your mind feels like to invest before you do, you would have missed a lot of opportunity to buy at a lower price. So once you’ve made up your mind, go for it unless your income at some point hinders the process and you have to stop and continue later. Every time is the best time to buy bitcoin and once your mind is made up, the current price of bitcoin should not hinder your purchase on the basis of timeframe which you plan to be buying them.


That it self is not guaranteed, I hope you’ll be able to Hodl longer if by that time the bull run doesn’t come. Don’t be tempted to sell now that is why funds invested in bitcoin should be that which you’ll not need for a long term. Don’t rush to sell to miss the main bull season.

It's good to read from another reasonable person on the forum, it's hard to see many these days. I wonder why people do not want to learn but always believe that a certain approach is a must for everybody. That is why you will see them shouting and shouting while some smart investors will continue to pocket the money. I wonder what's difficult for an adult to sense that I diversified my plan on Bitcoin investment and not even totally abandoned the HODLing he was complaining about but tried another approach to try and maximise my profits.

Voila! It worked more than HODLing. Now tell me, who is deceiving himself? I've learned to ignore them since I am not an investor in the crypto era, they are mere noise. Let them continue to shout why we continue to make the money in every way possible.

I wouldn't call chart viewing bad, but I wouldn't hesitate to call excessive chart viewing a bad habit. Regular price list monitoring can cause you losses in many ways, which you may not realize. Looking at more charts than necessary can tempt you to take extra profits. That is, when you regularly review the market over and over again, one of your thoughts can work. As you can imagine, I review the market regularly and am used to the highs and lows of the market.
I may be more profitable by buying when the market is low.
So you can avoid your regular purchases and wait for lower market prices. That value is almost impossible for a human being to predict.

In this way, the desire for low prices and the greed for extra profits will help you get lost and later bring the word regret in your life. Which happens to many. My advice for you and many experienced people is that the valuable time you are wasting on overpriced review, spend that time on something else, maybe you can get success. One more thing, if you are interested in investing and you have proper money then you start investing very early and buy little by little regularly, that investment method doesn't need any name. You keep buying regularly and keep it long.

In the issue of monitoring the Bitcoin market I believe the only people that should be worried about it are the ones that majorly focus on Lump sum because the only way they would buy a huge amount of Bitcoin is only if they bought at price dip, which is why patients is what drives the lump sum strategy, however in the case of a regular investor monitoring the Bitcoin price movement I believe some factors could be behind it because as we are all different investors that's how our drives also differs but the only thing I would say is that anyone who easily gets emotional should abstain from Bitcoin price monitoring.

I wouldn't say you are wrong because there are investors who will always look at the market all the time without being affected anyway, so nobody would argue about that but however you should know that the level of tolerance and understanding differs, though in as much as Bitcoin investment dose not required too much knowledge before starting but still we cannot compare someone who has been on Bitcoin for long with starters in terms of confident because to them no matter how Bitcoin moves is just a normal thing for them while for starters it becomes strange for them, however let me use a normal business for instance a business man or woman who has been into selling some certain goods or products for a long time has so much knowledge or understanding that sometimes market are not always that rossy and they never allow it to affect there zeal or interest for it, but for those who just started if they always have the mindset that it will always be Rossy for them all the time they may not be that successful because any market challenge can easily hinder there individuals performance.

We have already talked about this there is nothing like the right time to invest on Bitcoin because everyday is a good opportunity to invest on Bitcoin so there is no need to keep waiting, perhaps if you understand the concept of the DCA method you would have understand that every moment is the right time for Bitcoin accumulation, so actually anybody that is asking about the right time  is somehow confused or there interest is for a short term holding.

In such scenario the best and the right thing to do is to keep buying, even when the price continues to go down , aslong is bitcoin even though it may takes years for it to recover one thing for sure base one his past performance it will surely come back stronger. When one continues to buy is not only increasing his stashes of bitcoin in a nice rate but at same time minimising losses because at that time you will be using DCAing to be purchasing bitcoin at different price interval. And not only that it will also increase the chances of making a bigger and better profit in a long run . And for those with goals as the price continue to drop it will also increase the chances of you getting to your target goal or accumulating goal faster .

Despite our different thought we still come in conclusion concerning our investment and the fact remains building a better portfolio we’ve always dreamt of and in order to do that it’s best we accumulate at any given opportunity with the available finance. At the early stage of investing everyone is expected to view bitcoin investment as a long term investment so we don’t end up with loss, if anyone should risk their investment in times like this I  believe that’s when the word loss comes in. Talking about bitcoin price with different occurrence is okay and it’s never late for anyone to start their journey although people who accumulated earlier are lucky and still making progress, accumulating now is also good mainly because no one can tell bitcoin next price.

Over the years, I have heard so many of these examples of the guy who lump sum invested in bitcoin at the top of the price cycle, and then he gets stuck with his investment into bitcoin being in the negative for years and years and years.

Surely, I know that there are real examples of people who actually did buy bitcoin in that kind of a way, and I also frequently consider that anyone who lump sums should be prepared to follow up with continued investments into bitcoin, especially if the BTC price dips and especially if it takes a decently long time for the BTC price return to price levels of the first purchase. 

Sure there could be some examples of persons lump summing at the top who subsequently and surprisingly run out of cashflow in order to continue buying bitcoin, yet I still consider those kinds of examples to most likely be psychological barrier examples rather than financial barrier examples.

In the end, it seems that amongst the most reasonable and prudent of planners, would not overly lump sum at the top, yet if they were to make such an error, then (absent some rare surprise/emergency exceptions) they should be more than ready, willing and/or able to continue buying BTC if the BTC price drops after the lump sum investment and especially if such dip lasts a long time and/or dips in considerably large kinds of ways.  Personally, I don't give much of a pass or have a lot of sympathy for the lump summers who are not ready, willing and able to follow up with further BTC buys.. and if they have blown their whole wadd, then they are likely guilty of gambling rather than investing, which sure they are free to do what they like, but I am also free to not have much sympathy for such an approach to BTC.


This is an accurate way of describing real world investing and real world DCA.  The DCA amount does not need to be the same amount, and  the DCA amount and the regularity of such investments could strictly be based upon when a person has a certain level of discretionary income that is upon his own choosing in regards to reaching such thresholds, so even relatively modest amounts of investing into bitcoin could end up paying off quite well in the long term, as long as the investor also understands that investing can sometimes take time to play out.  Surely, there are levels of aggressiveness too, and historically, it has tended to pay off quite well for investors into bitcoin to be more aggressive, as long as they did not end up overdoing it, so each person has to figure out his level of willingness to be aggressive in regards to his bitcoin investment too.   Many times it is better to just get started, so even if you might assess that you are able to invest $100 every week into bitcoin, if you feel psychologically better to start out with somewhere between $10-$25 per week, then that is a personal choice, and is not necessarily wrong, since each person has to choose the level in which he is willing to be aggressive with his investments into bitcoin... but at least getting started and setting up a system will at least get the process of regularly investing into bitcoin into place, and then the level of aggressiveness can be adjusted along the way and as the investment into bitcoin might become more comfortable with the passage of time.

that's quit funny, why would you say such? it has been said a thousand times over and over again that investing in bitcoin is usually done on a regular basis like every week through DCA or monthly depending on your schedule, and you can combine it with lump sum and buying the dip. so Invariably if you structure or program yourself to invest weekly or monthly, then surely you know when to buy your Bitcoin. but saying that people don't know when to buy bitcoin sounds like you haven't been paying attention to the conversation here all day.

buying bitcoin when it's low are of two different factors
(1)  buying the dip as a part of accumulation strategy
(2) buying the dip for traders.
Of course the number 2 is not what we are discussing here. so when talking about buying the dip or low you should know the type of buying the dip you are talking about which Is preferably the number (1).

then surely you don't have plans in prior to the amount of btc you want to accumulate. though there are times when we face some financial difficulties and it will slow down our investment approach but then we have to learn how to be consistent to be able to accumulate more bitcoin to our portfolio expecially through DCA approach which make us invest regularly. but mind you, DCA may not be the only investment approach but the truth of the matter is that it is only the investment strategy that helps investors to motivate themselves to meet up a certain amount of btc before talking about profit, which may even come later not immediate.

that will be considered as a lump sum which means once at a go but DCA makes it more frequent.

time may not matter in most cases, the amount of BTC you HODl or have accumulated in your portfolio is what matters alot. because a person might still be accumulating regular with a small or less amount of btc which may still amount to less value of btc in a long period of time

If you make it a habit to constantly watch the chart, chances are high that you will develop FOMO. It has happened to me in the past and I have learnt to reduce my time in the chart. Bitcoin is a very volatile asset that can move thousands of pips within an hour, if you are actively engaged in watching the chart, you will definitely act impulsively and this can result in mistakes. Even if you want to buy the dip, you can set alerts at certain price points you would want to make entries, that is if you are not using limit orders. I'm more interested in making the Bitcoin accumulation process seamless and not time consuming because time is precious. The time you spend monitoring the chart can be put into something else that will benefit you more.

Instead of having to watch the chart  every now and then, why no simply use the DCA method so you know the time you have to come to the chart is the time of purchase which can be weekly, monthly or any comfortable spacing that suits the investors finances. I have benefitted immensely from the DCA method as it practically solve most of the emotional problems I was encountering when I have not learnt the method.

Bitcoin price went from $20,000 to $15,000 then no disappointment now Bitcoin price is $60K now there is no question of disappointment. We have to trust the market, and use the opportunities that come. Bitcoin price is dumping after investment no problem if you have money use that opportunity invest during dumping you will see when bitcoin price increases your profit amount will be much higher. But everyone's thoughts may not be the same. If I lost some money in the beginning of investment I would have been very upset about it but now I have the tolerance for everything so even if there is a big dumping in the market I keep my investment hoping for something better because my investment is here for a long term plan. Dumping definitely won't affect me.